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The group’s records indicate only three plates sold at the live auction – the letter “X” sold for $20,000, the number “5” sold for $8,500 and “5280” sold for $6,800. The group sold $1,200 worth of tickets to the event. And about a dozen plates sold in the simultaneous online auction, many of them marijuana-themed (like “GRASS” and “ZIGZAG” and “HIGH,” which each went for $500.) Bidding on the so-called crown jewel of the offered plates, “BRONCO,” fell short of the group’s minimum bid of $10,000 – so the plate didn’t sell at all. At first, meeting transcripts indicate the group considered their event to be a mild success. They spent close to $20,000 putting on the event and brought in $45,000 in ticket sales and plate proceeds. And one group member said the man who shelled out $20,000 for the letter X also offered to pay up to $100,000 for the number 1 (which had not yet been offered for auction) – and offered to bring “a minimum of 35 registered millionaires to the next event.” The group voted to put the “1” plate up for auction, but because of its ongoing patent dispute, it had no online system for selling plates. In the spring of 2015, the License Plate Auction Group paid a consultant $1,800 to facilitate a retreat, explaining they needed “to discover how the LPAG could become more effective. The number of individuals from state agencies makes the committee less agile. First auction was not as successful as hoped.” At the retreat, the group members decided to explore joining forces with the DBSCC – the same committee that loaned them $300,000 to get their auctions off the ground. The two committees began joint meetings to come up with a legislative proposal to work together. In April, those plans screeched to a halt when a group member received an “anonymous report” from an auction guest who harshly reviewed the January event.
For the original version including any supplementary images or video, visit http://www.thedenverchannel.com/news/investigations/state-seeks-fix-after-license-plate-auction-effort-loses-more-than-100000
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